Verisk Analytics, Inc. (NASDAQ:VRSK) Shares Purchased by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd raised its holdings in Verisk Analytics, Inc. (NASDAQ:VRSK) by 18.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,859 shares of the business services provider’s stock after acquiring an additional 292 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Verisk Analytics were worth $498,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Diversified Trust Co purchased a new stake in shares of Verisk Analytics in the second quarter valued at $1,325,000. OFI Invest Asset Management increased its stake in shares of Verisk Analytics by 2,181.7% during the 2nd quarter. OFI Invest Asset Management now owns 2,875 shares of the business services provider’s stock valued at $723,000 after acquiring an additional 2,749 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Verisk Analytics during the 1st quarter valued at about $2,340,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Verisk Analytics by 15.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 183,252 shares of the business services provider’s stock worth $43,198,000 after acquiring an additional 24,977 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Verisk Analytics by 25.8% in the first quarter. Intech Investment Management LLC now owns 20,825 shares of the business services provider’s stock worth $4,909,000 after acquiring an additional 4,277 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total value of $54,266.00. Following the transaction, the chief financial officer now owns 15,808 shares in the company, valued at $4,289,184.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

VRSK has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Evercore ISI reaffirmed an “in-line” rating and issued a $279.00 target price on shares of Verisk Analytics in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.80.

Verisk Analytics Trading Up 0.7 %

Shares of VRSK opened at $290.04 on Thursday. Verisk Analytics, Inc. has a 12 month low of $217.34 and a 12 month high of $291.42. The stock’s 50-day moving average is $270.56 and its two-hundred day moving average is $265.74. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $40.96 billion, a PE ratio of 45.25, a P/E/G ratio of 3.61 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, October 30th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.60 by $0.07. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Equities analysts forecast that Verisk Analytics, Inc. will post 6.63 earnings per share for the current fiscal year.

Verisk Analytics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.54%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.